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Monday August 09, 04:33
UK Banking changes for Islam

(by Dr. Goldfinger)

A new UK bank will be open in September especially to accord with the specific of Islam. It is going to solve a problem with one of the Koran’s dogmas, which strongly prohibits to use (give or take) money at interest, what conflicts with whole banking system not only in Britain. Population, which includes approximately 2 million people professing Islam in UK, has a constant difficulty with such banking services as for example mortgages and dealing with Real Estate in general (see more about real estate at www.realestategates.com ).

During some time before several UK banks tried to create the real estate related services such as mortgage corresponding to Islam rules. However in general these new services conflicted with whole banking system and didn’t bring the expected results.

A new bank with the first branch in Birmingham will be fully dedicated to satisfy Islam population needs. All required banking services and products will be controlled and approved by a committee of Islamic lawyers.

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